BEAMSTART Logo

Rev Asia's iMedia has acquired majority stake in Chinese portal, Moretify.

iMedia has acquired 4 other companies in the last 4 months.


Rev Asia's iMedia has acquired majority stake in Chinese portal, Moretify. | BEAMSTART News

iMedia, one of Malaysia’s leading digital media groups, is acquiring a controlling stake in popular Chinese web portal, Moretify.

The goal of the acquisition is to solidify iMedia's position as the leading integrated digital media group in the country.

Moretify is a leading Chinese language social news media and content website launched in 2017 that has over 800k monthly visitors. The site focuses primarily on the latest and trendiest news on the local entertainment and lifestyle scene, as well as top stories on celebrities, food, technology, and travel. 

Patrick Grove, founder of Rev Asia

iMedia was founded in August 2020 by Voon Tze Khay, Loh Ken Wei, Jacky Tee, and Brian Alexis. The company focuses on content, technology, as well as social influencer marketing. 

In September 2020, Rev Asia acquired iMedia for a total sum of RM10 million (US $2.4 million), just 1 month after its founding. 

In the last 4 months, iMedia has confirmed 5 acquisitions in companies OhMedia, Ittify, Goody25, BeautifulNara, and the latest, Moretify.

The company claims its media network has a reach of over 15 million Malaysians every month.

ABOUT THE AUTHOR

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Based in Malaysia

Works at BEAMSTART

ALSO MENTIONED IN THIS POST

Moretify

MORETIFY.COM 的官方专页,大马最受欢迎的中文网站,每天带给您最新,最有趣,最搞笑的内容。

Industry:

Opportunities:



Have a company of your own? Create a company profile today and easily find customers, raise funds, or hire talent.

BEAMSTART is a Global Community and News Portal for Entrepreneurship. We cover the latest news and bring together a global network of CEOs/founders, Investors, Business Leaders, and Professionals.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).